The Ministry of Planning and Investment is collecting comments from the people on the draft Decree on policies to encourage enterprises to invest in agriculture and rural areas to replace Decree No. 57/2018/ND-CP.
According to the draft, preferential and supportive policies include exemption and reduction of land rent and water surface rent of the State.
Enterprises that lease land or water surface from the State for the implementation of agricultural projects with investment incentives shall be exempted from land rent or water surface rent for one-half (1/2) of the lease period, counting from the date the State has a decide to lease land, rent water surface.
Enterprises with investment projects in agriculture and rural areas receive capital contribution with land use rights of households and individuals to form areas of raw materials for production and processing of agricultural products, and are supported by the State for construction funding. The infrastructure of the raw material area is as follows. The support level is 50 million VND/ha, not more than 40% of the total project investment, up to 10 billion VND/project.
For Interest rate support period from the time of requesting support, Up to 9 years for special agricultural projects with investment incentives, up to 7 years for agricultural projects with investment incentives and up to 5 years for the Agricultural Project to encourage investment. The interest rate support limit does not exceed 70% of the total loan capital of the project．
Documentary Editorial Board, DBRC「 Researching on Accounting, Taxes, Legal, Finances in Vietnam」, Dong Du International Accounting & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network (www.japanvietnam.com.vn)
#setting up company in Vietnam#Outsourcing accounting & tax servcies#legal consulting #coaching#human resources#investigating market and goods#